According to the data, tomorrow millions of aptos (APT) is preparing for a planned move that will increase the circulating supply by 0.5%.
According to CoinGecko data, APT token It has outperformed Bitcoin (BTC) and other crypto assets, up nearly 8% over the past 24 hours. The altcoin is currently valued at over $2.3 billion by market cap.
The tokens to be unlocked are worth over $50 million at current prices. Unlocking refers to the automatic release of new tokens from any blockchain network, usually based on pre-planned token plans.
About 84% of the total APT tokens are still locked, meaning the majority of the tokens are not yet in the market. This puts current valuations at risk of possibly falling in the long run.
Increasing supply and less interest from users usually triggers a drop in price. Therefore, such events should be followed closely by investors.
However, depending on underlying demand, new investors or traders may increase their current holdings, leading the price to rise after the initial selling pressure has subsided.
You can follow the current price action here.